Director, Global Real Estate Acquisitions ? Boston, MA Job in Boston, Massachusetts US
Director, Global Real Estate Acquisitions ? Boston, MA
THE COMPANY TIAA-CREF is a Fortune 100 financial services company that is America's leading retirement system for people who work in the academic, research, medical and cultural fields. The company manages $476 billion in combined assets under management on behalf of 3.6 million people and more than 15,000 institutions. TIAA-CREF is headquartered in New York City, with major operations in Charlotte and Denver, Colorado, and some 65 offices nationwide. The company has a workforce of 7,000 employees. TIAA-CREF's retirement plans provide participating individuals and institutions with a range of options to help meet their financial needs. They include variable annuities, mutual funds, tax-deferred and after-tax annuities, IRAs and brokerage accounts, and investment advice that Forbes magazine calls "the most comprehensive workplace advice." Two-thirds of TIAA-CREF's mutual funds and annuity accounts exceeded their Morningstar median over the past three and five years. Responsibilities: Independently sources underwrites, bids, negotiates and closes real estate investments (office, multifamily, industrial and retail) which fit the business plans of internal and external clients - concentration/focus on Boston, MA. Evaluates investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage; analysis also to include impact of value-added opportunities, leverage, tax, and promote structures. Ability and willingness to advocate a reasoned point of view and engage in an honest and fact based debate with senior leadership in a public forum when appropriate. Maintains complete and current knowledge of investment strategies and works with Senior Director in the execution of investment strategy Independently or under direction of the Senior Director, prepares internal reporting relating to area of assignment; Prepares and oversees all investment authorizations and assures that all financial, market and risk analysis is correct and accurate. Understands and keeps abreast of market dynamics and trends and seeks the input of research and other professionals in all analytic activities; Monitors and analyzes economic, legal, political and market conditions within assigned areas. Oversees (or undertakes directly) the coordination and compliance with all requirements for closing and funding of transactions. Identifies appropriate financing strategies; evaluates financing proposals; negotiates loan terms and documents for non-recourse loans. Acts as a resource to junior members of the team and provides mentoring support and guidance as a means of demonstrating leadership awareness;